- Substantial Retail and Office Investment
- Prominent position in Burnley town centre
- High quality fully refurbished premises
- Potential income of £43,360 pa when fully let
- Asset management opportunities
- No VAT
The property is situated on Hammerton Street in a prominent position in Burnley town centre, surrounded by a number of local retailers.
Burnley is an established market town, with a resident population of 90,000 persons and has easy access to the M65 motorway via junctions 9 and 10.
The property comprises a parade of retail and office buildings that provide 3 self-contained ground floor retail units with separately accessed office suites, let to various tenants on the first and second floors.
The property is of stone built under slate roof.
The property has been maintained to a high standard during the period of ownership by the current client.
Parking is available in the surrounding streets.
The property provides the following floorspace:
Price Reduced to £425,000 (no VAT)
Understood to be freehold
Each part of the property is assessed individually.
All the rateable values in the development are below the small business rate threshold of £12,000 and therefore eligible occupiers are able to claim full business rate relief.
An EPC is available on request
The property has planning consent for retail and office use. It is situated in the Burnley Town Centre Conservation area.
It is understood that all mains services are available to the property. Gas is currently capped off.
The property currently generates an income of £36,120 pa, however with the letting of the vacant office space this would increase to £43,360 per annum. Anticipated running costs to include repairs, management etc. are approximately £4500 per annum. See pdf schedule on website.
Strictly through agents